This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Choice Hotels International Inks Partnership With Maplewood Hotels & Resorts

ROCKVILLE, Md., Jan. 23, 2014 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE: CHH), one of the world's largest hotel companies, today announced a partnership with Maplewood Hotels & Resorts to develop new Cambria Suites properties in Canada. Maplewood is a joint venture between Driftwood Hospitality Management and Pacrim Hospitality Services Inc.

(Logo: http://photos.prnewswire.com/prnh/20131015/NE98133LOGO-b)

"The lodging sector in Canada is experiencing momentous growth, making it the ideal market to bring the Cambria Suites brand to key locations," said Carlos Rodriguez, Driftwood's executive vice president. "Through our strategic partnership with Pacrim, Maplewood is perfectly poised to introduce Cambria Suites to today's Canadian traveler in key urban markets."

"Choice Hotels is excited to share the Cambria Suites experience with Canadian travelers.  The brand continues tremendous growth in top-tier, key markets and Canada is an ideal location," said Michael Murphy, senior vice president, upscale brands, Choice Hotels International. "The unique blend of style, smart design and sophisticated technology that is the Cambria Suites experience is sure to resonate well within this market."

"Pacrim has been a major hotel developer in Canada since the mid-1990s, and we are looking forward to developing Cambria Suites across Canada. Our joint venture in Maplewood Hotels and Resorts with Driftwood Hospitality Management provides outstanding opportunity to enhance our portfolio through new build opportunities in Canada, the U.S. and beyond," said Glenn Squires, CEO of Pacrim. "We expect to have a minimum of five Cambria Suites Hotels under construction in 2014 with openings to occur starting in Spring of 2015."

Designed as a lifestyle hotel brand, all Cambria Suites properties are new-construction and feature a larger lobby to give guests a more social atmosphere; all-suite rooms that are larger than standard hotel rooms and include separate living, working and sleeping space; and the latest MediaHub technology that allows hassle-free Internet connectivity for a variety of electronic devices during their stay.

Stock quotes in this article: CHH 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,432.10 +7.25 0.04%
S&P 500 1,865.46 +3.15 0.17%
NASDAQ 4,099.28 +13.0550 0.32%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs